2015 Q3 Form 10-Q Financial Statement

#000114420415047742 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $6.525M $14.00M $8.259M
YoY Change -20.56% 69.46% 133.9%
Cost Of Revenue $2.700M $2.700M $5.102M
YoY Change -32.95% -47.08% 212.62%
Gross Profit $3.825M $11.30M $3.157M
YoY Change -8.65% 257.81% 66.25%
Gross Profit Margin 58.62% 80.71% 38.22%
Selling, General & Admin $9.100M $7.100M $5.800M
YoY Change 89.58% 22.41% 45.0%
% of Gross Profit 237.91% 62.85% 183.72%
Research & Development $30.66M $27.73M $15.20M
YoY Change 59.55% 82.4% 40.96%
% of Gross Profit 801.67% 245.48% 481.53%
Depreciation & Amortization $1.500M $1.500M $1.000M
YoY Change 50.0% 50.0% 66.67%
% of Gross Profit 39.22% 13.28% 31.68%
Operating Expenses $30.66M $27.73M $15.20M
YoY Change 59.55% 82.4% 40.96%
Operating Profit -$33.20M -$20.82M -$17.85M
YoY Change 67.76% 16.64% 38.4%
Interest Expense $64.00K $26.00K $51.00K
YoY Change 36.17% -49.02% 13.33%
% of Operating Profit
Other Income/Expense, Net -$51.00K $72.00K $18.00K
YoY Change 168.42% 300.0%
Pretax Income -$33.10M -$20.60M -$17.86M
YoY Change 67.79% 15.32% 41.46%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$33.12M -$20.64M -$17.86M
YoY Change 67.89% 15.55% 41.41%
Net Earnings / Revenue -507.59% -147.48% -216.3%
Basic Earnings Per Share
Diluted Earnings Per Share -$2.452M -$1.537M -$1.642M
COMMON SHARES
Basic Shares Outstanding 269.6M shares 268.0M shares 209.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $290.2M $314.9M $152.5M
YoY Change 62.94% 106.49% 275.62%
Cash & Equivalents $138.1M $167.4M $103.9M
Short-Term Investments $152.0M $147.6M $149.7M
Other Short-Term Assets $15.60M $13.20M $269.0K
YoY Change 3780.6% 4807.06% 1245.0%
Inventory
Prepaid Expenses $5.116M
Receivables $4.300M $2.342M $3.719M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $310.1M $333.0M $166.6M
YoY Change 61.53% 99.86% 267.25%
LONG-TERM ASSETS
Property, Plant & Equipment $29.42M $26.13M $15.12M
YoY Change 68.2% 72.8% 13.54%
Goodwill $53.06M $53.31M $57.91M
YoY Change -5.54% -7.94% 74.73%
Intangibles $11.01M $11.36M $15.09M
YoY Change -20.04% -24.72%
Long-Term Investments $56.40M
YoY Change
Other Assets $1.044M $918.0K $159.0K
YoY Change 556.6% 477.36% -52.54%
Total Long-Term Assets $94.53M $91.72M $145.4M
YoY Change -5.97% -36.91% 205.74%
TOTAL ASSETS
Total Short-Term Assets $310.1M $333.0M $166.6M
Total Long-Term Assets $94.53M $91.72M $145.4M
Total Assets $404.6M $424.7M $312.0M
YoY Change 38.33% 36.13% 235.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.201M $7.117M $4.495M
YoY Change 175.66% 58.33% 52.58%
Accrued Expenses $13.27M $16.52M $11.00M
YoY Change -3.22% 50.23% 52.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K $500.0K $900.0K
YoY Change -44.44% -44.44% 50.0%
Total Short-Term Liabilities $24.87M $27.05M $17.48M
YoY Change 33.47% 54.77% 55.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K $900.0K
YoY Change -100.0% -88.89% -52.63%
Other Long-Term Liabilities $3.094M $73.00K $1.507M
YoY Change 121.16% -95.16% -85.78%
Total Long-Term Liabilities $3.094M $73.00K $1.507M
YoY Change 121.16% -95.16% -87.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.87M $27.05M $17.48M
Total Long-Term Liabilities $3.094M $73.00K $1.507M
Total Liabilities $37.62M $37.10M $30.26M
YoY Change 21.88% 22.59% 27.72%
SHAREHOLDERS EQUITY
Retained Earnings -$571.2M -$538.1M -$441.8M
YoY Change 23.76% 21.79% 16.03%
Common Stock $2.703M $2.691M $2.386M
YoY Change 13.14% 12.78% 55.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.450M $2.450M $2.450M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 455.4K shares 455.4K shares
Shareholders Equity $367.0M $387.6M $281.7M
YoY Change
Total Liabilities & Shareholders Equity $404.6M $424.7M $312.0M
YoY Change 38.33% 36.13% 235.77%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$33.12M -$20.64M -$17.86M
YoY Change 67.89% 15.55% 41.41%
Depreciation, Depletion And Amortization $1.500M $1.500M $1.000M
YoY Change 50.0% 50.0% 66.67%
Cash From Operating Activities -$28.50M -$12.30M -$11.00M
YoY Change 80.38% 11.82% 44.74%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$4.300M -$900.0K
YoY Change 41.94% 377.78% -47.06%
Acquisitions
YoY Change
Other Investing Activities -$4.800M -$35.10M -$101.8M
YoY Change -90.61% -65.52% 6262.5%
Cash From Investing Activities -$9.200M -$39.40M -$102.8M
YoY Change -82.99% -61.67% 3112.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.500M 4.100M 107.7M
YoY Change 1600.0% -96.19% 2347.73%
NET CHANGE
Cash From Operating Activities -28.50M -12.30M -11.00M
Cash From Investing Activities -9.200M -39.40M -102.8M
Cash From Financing Activities 8.500M 4.100M 107.7M
Net Change In Cash -29.20M -47.60M -6.100M
YoY Change -57.93% 680.33% -4.69%
FREE CASH FLOW
Cash From Operating Activities -$28.50M -$12.30M -$11.00M
Capital Expenditures -$4.400M -$4.300M -$900.0K
Free Cash Flow -$24.10M -$8.000M -$10.10M
YoY Change 89.76% -20.79% 71.19%

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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2015Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2580000 USD
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
NOVAVAX INC
dei Entity Central Index Key
EntityCentralIndexKey
0001000694
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Trading Symbol
TradingSymbol
NVAX
CY2015Q3 dei Entity Common Stock Shares Outstanding
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269640511 shares
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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615000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Contracts Revenue
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us-gaap Contracts Revenue
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nvax Research And Development Collaboration
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nvax Research And Development Collaboration
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Contract Revenue Cost
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us-gaap Research And Development Expense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Costs And Expenses
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Investment Income Net
InvestmentIncomeNet
256000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
32000 USD
CY2014Q2 us-gaap Investment Income Net
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20000 USD
CY2015Q2 us-gaap Investment Income Net
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us-gaap Interest Expense
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62000 USD
us-gaap Interest Expense
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103000 USD
us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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PreferredStockSharesAuthorized
2000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
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PreferredStockSharesOutstanding
0 shares
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CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
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CommonStockSharesAuthorized
300000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
269095405 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
268639975 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
239287294 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
238831864 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="center"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">Note 1 &#150; Organization</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Novavax, Inc. (&#8220;Novavax,&#8221; and together with its wholly owned subsidiary &#8220;Novavax AB,&#8221; the &#8220;Company&#8221;) is a clinical-stage vaccine company focused on the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants. The Company&#8217;s product pipeline targets a variety of infectious diseases with vaccine candidates currently in clinical development for respiratory syncytial virus (&#8220;RSV&#8221;), seasonal influenza, pandemic influenza and Ebola virus (&#8220;EBOV&#8221;). The Company has additional preclinical stage programs in a variety of infectious diseases, including Middle East Respiratory Syndrome (&#8220;MERS&#8221;).</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Use Of Estimates
UseOfEstimates
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nvax Services Purchased
ServicesPurchased
6700000 USD
nvax Services Purchased
ServicesPurchased
1000000 USD
nvax Remaining Obligation Under Master Services Agreement
RemainingObligationUnderMasterServicesAgreement
800000 USD
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
8700000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
800000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
800000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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23248254 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16514230 shares
us-gaap Contracts Revenue
ContractsRevenue
101000000 USD
CY2015Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.2 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0213 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0222 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4514000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2892000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.42
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.42
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.48
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0137 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0133 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0124 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0213 pure
nvax Available For Sale Securities Number Of Securities Owned
AvailableForSaleSecuritiesNumberOfSecuritiesOwned
47000 shares
nvax Available For Sale Securities Number Of Securities Owned Unrealized Losses
AvailableForSaleSecuritiesNumberOfSecuritiesOwnedUnrealizedLosses
33000 shares
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
865000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
865000 USD
nvax Sale Of Common Stock Under Sales Agreement
SaleOfCommonStockUnderSalesAgreement
679000 USD
nvax Sale Of Common Stock Under Sales Agreement
SaleOfCommonStockUnderSalesAgreement
0 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
254727000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
213075000 shares
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
171000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5418 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5287 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5358 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.5247 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6839 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5381 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6839 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.6793 pure
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
433000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
865000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
865000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
865000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1700000 USD
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
35200000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D

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